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MAXIMUS, Inc. (MMS) Financials

MMS
Trailing 12 months to June 30, 2026
Revenue $5.2B -3.3% YoY
Net Income $370.9M +17.3% YoY
EPS (Diluted) $6.76 +24.7% YoY
Free Cash Flow $433.2M +401.3% YoY
Market Cap $2.9B as of Oct 6, 2026
Price / Sales 0.5x on $5.2B revenue, trailing 12 months to June 30, 2026
Price / Earnings 7.7x on $370.9M net income, trailing 12 months to June 30, 2026
Price / Book 1.6x on $1.7B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MMS SEC filings page.

MAXIMUS, Inc. (MMS) reported $5.2B in revenue over the twelve months to Jun 30, 2026, down 3.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MMS FY2025

Maximus has regained operating margin, but cash conversion softened while buybacks lifted leverage despite modest FY2025 growth.

FY2025 revenue grew only 2.4%, yet operating income rose 8.1%, indicating margin expansion—not a volume surge—did the heavy lifting. Meanwhile, operating cash flow fell 16.7% and free cash flow fell 8.7% despite lower capital spending, so reported earnings improved faster than cash generation.

The margin pattern is a recovery rather than a straight-line climb: gross margin recovered from its FY2022 trough to 24.6% in FY2025, while operating margin reached 9.7%. Both profit layers improved, meaning the rebound reflects more than revenue growth alone and leaves the business converting a larger share of sales before financing and taxes.

Current ratio improved to 1.6x in FY2025, indicating better short-term coverage. Yet debt-to-equity rose from 0.6x to 0.8x as equity contracted amid large buybacks, changing the financing mix even while operations improved.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 55 / 100
Financial Health Score 55/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of MAXIMUS, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
68

MAXIMUS, Inc. has an operating margin of 9.7%, meaning the company retains $10 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is up from 9.2% the prior year.

Growth
51

MAXIMUS, Inc.'s revenue grew a modest 2.4% year-over-year to $5.4B. This slow but positive growth earns a score of 51/100.

Leverage
34

MAXIMUS, Inc. has a moderate D/E ratio of 0.77. This balance of debt and equity financing earns a leverage score of 34/100.

Liquidity
47

MAXIMUS, Inc.'s current ratio of 1.64 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
52

MAXIMUS, Inc. has a free cash flow margin of 6.7%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
78

MAXIMUS, Inc. earns a strong 19.1% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 16.7% the prior year.

Altman Z-Score Grey Zone
2.99

MAXIMUS, Inc. scores 2.99, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong
8/9

MAXIMUS, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.35x

For every $1 of reported earnings, MAXIMUS, Inc. generates $1.35 in operating cash flow ($429.4M OCF vs $319.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
6.28x

MAXIMUS, Inc. earns $6.28 in operating income for every $1 of interest expense ($528.3M vs $84.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY-5.1%
QoQ-2.1%
5Y CAGR+0.6%
10Y CAGR+7.6%

MAXIMUS, Inc. generated $1.3B in revenue in Q3 2026. This represents a decrease of 5.1% from the same quarter a year earlier. Against the prior quarter it is down 2.1%.

EBITDA
$173.3M
YoY-1.1%
QoQ+7.8%

MAXIMUS, Inc.'s EBITDA was $173.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.

Net Income
$103.6M
YoY-2.3%
QoQ+5.6%
5Y CAGR+1.9%
10Y CAGR+7.1%

MAXIMUS, Inc. reported $103.6M in net income in Q3 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 5.6%.

EPS (Diluted)
$1.95
YoY+4.8%
QoQ+8.3%
5Y CAGR+5.2%
10Y CAGR+9.5%

MAXIMUS, Inc. earned $1.95 per diluted share (EPS) in Q3 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.

Cash & Balance Sheet

Free Cash Flow
-$137.0M
YoY+30.9%
QoQ-176.5%

MAXIMUS, Inc. recorded an outflow of $137.0M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents an increase of 30.9% from the same quarter a year earlier. Against the prior quarter it is down 176.5%.

Cash & Debt
$57.0M
YoY-4.7%
QoQ-63.8%
5Y CAGR-9.9%
10Y CAGR+1.2%

MAXIMUS, Inc. held $57.0M in cash against $1.6B in long-term debt as of Q3 2026.

Dividends Per Share
$0.33
YoY+10.0%
QoQ0.0%
5Y CAGR+3.3%
10Y CAGR+22.0%

MAXIMUS, Inc. paid $0.33 per share in dividends in Q3 2026. This represents an increase of 10.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
52M
YoY-7.1%
QoQ-0.3%
5Y CAGR-3.2%
10Y CAGR-2.1%

MAXIMUS, Inc. had 52M shares outstanding in Q3 2026. This represents a decrease of 7.1% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Margins & Returns

Gross Margin
27.3%
YoY+0.6pp
QoQ+1.1pp
5Y change+3.8pp
10Y change+2.7pp

MAXIMUS, Inc.'s gross margin was 27.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Operating Margin
12.6%
YoY+0.3pp
QoQ+1.3pp
5Y change+1.4pp
10Y change-1.1pp

MAXIMUS, Inc.'s operating margin was 12.6% in Q3 2026, reflecting core business profitability. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Net Margin
8.1%
YoY+0.2pp
QoQ+0.6pp
5Y change+0.5pp
10Y change-0.4pp

MAXIMUS, Inc.'s net profit margin was 8.1% in Q3 2026, showing the share of revenue converted to profit. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Return on Equity
5.9%
YoY0.0pp
QoQ+0.2pp
5Y change-0.6pp
10Y change-1.5pp

MAXIMUS, Inc.'s ROE was 5.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Capital Allocation

Share Buybacks
$49.9M
QoQ-56.4%
10Y CAGR+36.7%

MAXIMUS, Inc. spent $49.9M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 56.4%.

Capital Expenditures
$12.0M
YoY-22.6%
QoQ+14.0%
5Y CAGR+7.0%

MAXIMUS, Inc. invested $12.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 22.6% from the same quarter a year earlier. Against the prior quarter it is up 14.0%.

R&D Spending

Not reported for Q3 2026.

MMS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MMS quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Revenue$1.3B-5.1%$1.3B-4.1%$1.3B-4.1%$1.3B+0.2%$1.3B+2.5%$1.4B+1.0%$1.4B+5.7%$1.3B+4.4%
Cost of Revenue$930.2M-5.9%$963.7M-5.8%$1.0B-6.8%$984.9M-2.9%$988.9M+0.6%$1.0B-0.8%$1.1B+7.2%$1.0B+4.7%
Gross Profit$348.8M-3.0%$342.3M+1.0%$318.7M+5.7%$333.6M+10.6%$359.5M+8.2%$338.8M+6.7%$301.6M+0.5%$301.7M+3.7%
SG&A Expenses$167.2M-2.1%$173.5M+6.5%$152.2M-20.6%$187.7M+12.5%$170.8M+2.3%$162.9M-3.3%$191.7M+13.3%$166.9M-0.5%
Operating Income$161.4M-2.6%$148.5M-2.9%$146.2M+68.5%$122.9M+9.9%$165.7M+16.9%$153.0M+20.0%$86.8M-19.3%$111.8M+12.7%
EBITDA$173.3M-1.1%$160.8M-1.0%$159.1M+67.0%$137.0M$175.3M$162.4M$95.2MN/A
Interest Expense$23.9M+5.4%$22.1M+3.0%$20.8M+18.8%$22.4M+12.1%$22.7M+10.2%$21.5M+5.4%$17.5M-18.5%$20.0M-2.4%
Income Tax$34.6M-6.5%$28.5M-20.7%$32.3M+16.5%$25.2M+24.9%$37.0M+20.8%$35.9M+30.8%$27.8M+29.9%$20.2M+6.0%
Net Income$103.6M-2.3%$98.1M+1.5%$93.9M+128.0%$75.3M+3.8%$106.0M+18.1%$96.6M+19.9%$41.2M-35.8%$72.5M+22.6%
EPS (Basic)$1.96+4.8%$1.81+6.5%$1.71+147.8%$1.34+11.7%$1.87+27.2%$1.70+29.8%$0.69-34.3%$1.20+23.7%
EPS (Diluted)$1.95+4.8%$1.80+6.5%$1.70+146.4%$1.31+11.0%$1.86+27.4%$1.69+29.0%$0.69-33.7%$1.18+22.9%
Diluted Shares (Avg)53M-6.9%55M-4.3%55M-7.8%N/A57M-7.2%57M-7.4%60M-2.5%N/A

Not reported in any period shown, so not listed: R&D Expenses.

MMS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MMS quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Total Assets$4.4B-2.1%$4.2B+0.9%$4.2B+3.7%$4.1B-1.5%$4.5B+11.6%$4.2B+3.9%$4.1B+1.0%$4.1B+3.7%
Current Assets$1.6B+2.3%$1.5B+13.6%$1.4B+22.1%$1.3B+4.4%$1.6B+48.8%$1.3B+18.8%$1.2B+5.0%$1.2B+13.7%
Cash & Equivalents$57.0M-4.7%$157.5M+45.7%$137.6M+89.4%$222.4M+21.4%$59.8M-41.8%$108.1M+39.7%$72.7M-30.3%$183.1M+180.0%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$1.4B-2.8%$1.1B+1.6%$1.1B+19.2%$898.1M+2.1%$1.4B+67.2%$1.1B+19.8%$962.6M+11.9%$879.5M+6.4%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$1.8B-0.1%$1.8B0.0%$1.8B+0.1%$1.8B0.0%$1.8B+0.1%$1.8B0.0%$1.8B-0.1%$1.8B+0.2%
Total Liabilities$2.6B-2.3%$2.5B+0.4%$2.5B+3.2%$2.4B+4.7%$2.7B+23.3%$2.5B+12.4%$2.4B+4.9%$2.3B-1.3%
Current Liabilities$678.1M-4.0%$681.7M-5.5%$608.0M-10.4%$765.2M-5.2%$706.2M+3.8%$721.2M-1.0%$678.9M+3.1%$807.5M+11.7%
Non-Current Liabilities$1.9B-1.8%$1.9B+2.7%$1.9B+8.5%$1.6B+10.1%$2.0B+32.1%$1.8B+18.9%$1.7B+5.6%$1.5B-7.1%
Long-Term Debt$1.6B-2.7%$1.5B+1.8%$1.5B+11.5%$1.3B+17.4%$1.6B+46.2%$1.4B+28.9%$1.4B+10.7%$1.1B-6.1%
Total Equity$1.7B-1.8%$1.7B+1.8%$1.7B+4.4%$1.7B-9.2%$1.8B-2.5%$1.7B-6.8%$1.6B-4.1%$1.8B+10.5%
Retained Earnings$1.1B-3.8%$1.1B+0.9%$1.1B+4.4%$1.1B-16.7%$1.2B-7.0%$1.1B-12.7%$1.1B-8.6%$1.3B+14.3%

Not reported in any period shown, so not listed: Inventory.

MMS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MMS quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Operating Cash Flow-$125.0M+31.6%$189.5M+343.7%-$244.4M-205.5%$649.4M+296.4%-$182.7M-191.7%$42.7M-67.3%-$80.0M-470.2%$163.8M+13.3%
Depreciation & Amortization$11.9M+23.6%$12.3M+30.6%$12.9M+52.4%$14.2M$9.6M$9.4M$8.5MN/A
Stock-Based CompensationN/AN/A$7.0M+1.0%N/AN/AN/A$7.0M-26.3%N/A
Capital Expenditures$12.0M-22.6%$10.5M-38.9%$6.3M-72.8%$7.5M-76.4%$15.5M-55.4%$17.2M-32.0%$23.0M+3.3%$32.0M+0.4%
Free Cash Flow-$137.0M+30.9%$179.0M+601.8%-$250.7M-143.4%$641.8M+386.7%-$198.2M-220.4%$25.5M-75.8%-$103.0M-16017.1%$131.9M+17.0%
Investing Cash Flow-$10.5M+32.0%-$10.5M+45.7%$6.6M+129.8%-$3.1M+90.1%-$15.5M+55.4%-$19.4M+53.9%-$22.3M-8.9%-$31.9M-2.3%
Financing Cash Flow$43.9M-70.0%-$113.3M-1367.9%$156.9M+2000.2%-$490.7M-970.7%$146.1M+208.0%$8.9M+107.3%-$8.3M-129.1%-$45.8M+44.1%
Share Buybacks$49.9M$114.4M+47.0%$40.6M-82.3%$141.0M+446.8%$0-100.0%$77.8M$228.6M$25.8M

Not reported in any period shown, so not listed: Dividends Paid.

MMS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MMS quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Gross Margin27.3%+0.6pp26.2%+1.3pp23.7%+2.2pp25.3%+2.4pp26.7%+1.4pp24.9%+1.3pp21.5%-1.1pp22.9%-0.2pp
Operating Margin12.6%+0.3pp11.4%+0.1pp10.9%+4.7pp9.3%+0.8pp12.3%+1.5pp11.2%+1.8pp6.2%-1.9pp8.5%+0.6pp
Net Margin8.1%+0.2pp7.5%+0.4pp7.0%+4.0pp5.7%+0.2pp7.9%+1.0pp7.1%+1.1pp2.9%-1.9pp5.5%+0.8pp
Return on Equity5.9%0.0pp5.8%0.0pp5.5%+3.0pp4.5%+0.6pp6.0%+1.1pp5.8%+1.3pp2.5%-1.2pp3.9%+0.4pp
Return on Assets2.4%0.0pp2.3%0.0pp2.2%+1.2pp1.8%+0.1pp2.4%+0.1pp2.3%+0.3pp1.0%-0.6pp1.8%+0.3pp
Current Ratio2.42+0.1x2.21+0.4x2.34+0.6x1.64+0.2x2.27+0.7x1.84+0.3x1.720.0x1.490.0x
Debt-to-Equity0.900.0x0.870.0x0.88+0.1x0.77+0.2x0.91+0.3x0.87+0.2x0.82+0.1x0.59-0.1x
Asset Turnover0.290.0x0.310.0x0.320.0x0.320.0x0.300.0x0.320.0x0.350.0x0.320.0x
FCF Margin-10.7%+4.0pp13.7%+11.8pp-18.6%-11.3pp48.7%+38.7pp-14.7%-27.2pp1.9%-5.9pp-7.3%-7.3pp10.0%+1.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
MAXIMUS, Inc. MMS FY2025 $5.4B $319.0M 5.9% $2.9B 55/100
Amentum Holdings, Inc. AMTM FY2025 $14.4B $66.0M 0.5% $4.5B 45/100
AZZ Inc. AZZ FY2026 $1.7B $317.3M 19.2% $4.2B 63/100
CBIZ, Inc. CBZ FY2025 $2.8B $115.4M 4.2% $3.0B 50/100
Dolby Laboratories, Inc. DLB FY2025 $1.3B $255.0M 18.9% $5.6B 74/100
Unifirst Corp UNF FY2025 $2.4B $148.3M 6.1% $4.6B 63/100

Frequently Asked Questions

What is MAXIMUS, Inc.'s annual revenue?

MAXIMUS, Inc. (MMS) reported $5.4B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MAXIMUS, Inc.'s revenue growing?

MAXIMUS, Inc. (MMS) revenue grew by 2.4% year-over-year, from $5.3B to $5.4B in fiscal year 2025.

Is MAXIMUS, Inc. profitable?

Yes, MAXIMUS, Inc. (MMS) reported a net income of $319.0M in fiscal year 2025, with a net profit margin of 5.9%.

MAXIMUS, Inc. (MMS) reported diluted earnings per share of $5.51 for fiscal year 2025. This represents a 10.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MAXIMUS, Inc. (MMS) had EBITDA of $570.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, MAXIMUS, Inc. (MMS) had $222.4M in cash and equivalents against $1.3B in long-term debt.

MAXIMUS, Inc. (MMS) had a gross margin of 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

MAXIMUS, Inc. (MMS) had an operating margin of 9.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

MAXIMUS, Inc. (MMS) had a net profit margin of 5.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, MAXIMUS, Inc. (MMS) paid $1.20 per share in dividends during fiscal year 2025.

MAXIMUS, Inc. (MMS) has a return on equity of 19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

MAXIMUS, Inc. (MMS) generated $366.2M in free cash flow during fiscal year 2025. This represents a -8.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

MAXIMUS, Inc. (MMS) generated $429.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

MAXIMUS, Inc. (MMS) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.

MAXIMUS, Inc. (MMS) invested $63.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, MAXIMUS, Inc. (MMS) spent $447.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

MAXIMUS, Inc. (MMS) had 54M shares outstanding as of fiscal year 2025.

MAXIMUS, Inc. (MMS) had a current ratio of 1.64 as of fiscal year 2025, which is generally considered healthy.

MAXIMUS, Inc. (MMS) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

MAXIMUS, Inc. (MMS) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

MAXIMUS, Inc. (MMS) trades at 7.7x earnings, its market capitalization divided by net income of $370.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MAXIMUS, Inc. (MMS) trades at 0.5x sales, its market capitalization divided by revenue of $5.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MAXIMUS, Inc. (MMS) has an Altman Z-Score of 2.99, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

MAXIMUS, Inc. (MMS) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

MAXIMUS, Inc. (MMS) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

MAXIMUS, Inc. (MMS) has an interest coverage ratio of 6.28x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

MAXIMUS, Inc. (MMS) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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